Microblog Memes

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[–] NekoKoneko@lemmy.world 52 points 3 days ago* (2 children)

I made this comment elsewhere, but this also severely underplays how unprofitable AI is by counting hardware suppliers' revenue as "profit." AI profitability means to most people what AI itself generates, and counting the spend for buildout as "profit" is doubly wrong.

Nvidia, Micron, AMD and others are selling shovels and mules in an irrational gold rush. A prospector can't point to the money the prospector paid for shovels and a mule to claim prospecting is profitable.

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[–] Knock_Knock_Lemmy_In@lemmy.world 10 points 3 days ago

I think it is interesting that the shovel sellers profits are still not greater than the Ai losses.

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[–] OrganicMustard@lemmy.world 6 points 3 days ago

Also it is not counting the AI debt the companies have been hiding off the balance. Some months ago it was reported a 420 billion gap of hidden debt just for Meta and a 3 trillion gap for the whole industry.

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[–] red_tomato@lemmy.world 17 points 3 days ago (1 child)

All the revenue is carried by Nvidia and Micron.

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[–] tburkhol@lemmy.world 16 points 3 days ago

And no small part of that revenue is money that Nvidia and Micron "invested" in the companies paying them.

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[–] danc4498@lemmy.world -1 points 3 days ago

1t net loss isn't as bad as I was expecting. 12 months from now might be interesting

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[–] shittydwarf@piefed.ca 26 points 3 days ago

Dude be nutting everywhere

[–] bridgeenjoyer@sh.itjust.works 11 points 3 days ago

No no guys this is the same as electricity and the internet. Its inevitable and is definitely really good and youre all old men yelling at cloud going to be left behind.

Trust us, give me money.

[–] mad_lentil@lemmy.ca 19 points 3 days ago (1 child)

So.. basically everybody but Nvidia?

[–] HappyFrog@lemmy.blahaj.zone 3 points 2 days ago

Nvidia, micron, and amd

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[–] purrtastic@lemmy.nz 9 points 3 days ago (1 child)

Originally posted in c/LLM. No upvotes 🤔

[–] aeronmelon@lemmy.world [S] 4 points 3 days ago*

Are you having federation issues with Sopuli?

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[–] DaddleDew@lemmy.world 9 points 3 days ago (1 child)

It used to be seeing people lose all their money into NFTs

[–] deadbeef79000@lemmy.nz 8 points 3 days ago

Bored AI Yatch Club

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[–] the_riviera_kid@lemmy.world 6 points 3 days ago

Are there any that haven't lost money?

[–] TheReturnOfPEB@reddthat.com 4 points 3 days ago

Watch the bond market, then. And the interest rate. You will have a few weeks heads up knowing that small and medium sized AI-only companies are about to get puckered in 2027.

Big companies with investments including AI but have outside revenue will probably continue development because:

big companies gonna AI until it is.

Ugh. And with that diatribe I now know I need to change my YouTube algorithm.

[–] gedaliyah@lemmy.world 2 points 3 days ago

I have some great news for you about the global economy...